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Cash Solutions

Put your cash to work.

At Schwab, we believe you should have access to cash solutions that provide an attractive yield and smart features.

Our solutions fall under two categories: savings and investment cash and everyday cash. Compare the products, features, and benefits of each one to help you find the cash solution that fits your needs.

Questions about cash solutions?

Call 800-435-4000.

  • *Annual percentage yield.
  • †Yields shown reflect the 7-day yield with all applicable waivers.
  • ‡The Funds' Investor Shares have no initial investment minimum; however, Schwab systems require a minimum of $1 per trade.
  • §The annual percentage yield displayed includes 1-month to 1-year values.

Money fund investors should carefully consider information contained in the money fund prospectus or, if available, the summary prospectus, including investment objectives, risks, charges, and expenses. You can request a mutual fund prospectus by calling Schwab at 800-435-4000. Please read the prospectus carefully before investing.

  1. The Annual Percentage Yield (APY) quoted for this Charles Schwab Bank account, with a minimum balance of $0.01, is current as of the date shown. This rate is variable and may change without notice.
  2. Funds deposited at Charles Schwab Bank are insured, in aggregate, up to $250,000 based on account ownership type, by the Federal Deposit Insurance Corporation (FDIC). All deposits in your Schwab Bank High Yield Investor Checking and Savings accounts and those deposited at Schwab Bank through the Bank Sweep feature on your Schwab One brokerage account, held in the same capacity, are added together to determine your total amount of FDIC insurance coverage at Schwab Bank.
  3. May be subject to state, local, and the federal Alternative Minimum Tax. Capital gains are not exempt from federal taxes.
  4. Fund expenses and other fees may apply.
  5. CDs from Schwab CD OneSource® are issued by FDIC-insured institutions and are subject to change and system access. Funds are FDIC-insured up to $250,000 per depositor per insured institution, based on account ownership type. Visit www.fdic.gov for details. For most CDs, there are no additional commission charges when you buy a CD through Schwab CD OneSource. However, there may be costs and market value adjustments associated with early redemption. Certificates of deposit available through Schwab CD OneSource typically offer a fixed rate of return, although some offer variable rates. Certificates of Deposit (CDs) available through Schwab CD OneSource typically offer a fixed rate of return, although some offer variable rates. The Annual Percentage Yield (APY) quoted are current as of the date shown and pertain to terms ranging from 1 month to 1 year. The minimum quantity is generally $1,000 face amount, but may vary by offering. CDs may be subject to an early withdrawal penalty.
  6. Funds deposited at an FDIC-insured institution are insured, in aggregate, up to $250,000 per depositor, per insured institution, based upon account type, by the Federal Deposit Insurance Corporation (FDIC). The FDIC considers any other deposits you may have with an issuing bank. CDs you purchase from a particular bank are aggregated with any other deposits you may have with the issuing bank for purposes of determining FDIC insurance coverage (e.g., if you already have deposits of $250,000 with a bank, CDs you purchase from the same bank in the same ownership category may not be covered). Because the deposit insurance rules are complex, you may want to use the FDIC’s Electronic Deposit Insurance Estimator (EDIE) to estimate your total coverage at any particular bank.
  7. Not all services are available on retirement accounts or in certain Schwab One accounts (those owned by organizations or in managed accounts).
  8. Bank Sweep is the default cash feature for most new accounts. Schwab One Interest and the Money Fund Sweep feature are two additional cash features available to certain accounts. Please note Schwab One Interest and the Money Fund Sweep feature are not FDIC-insured.
  9. Beginning in 2018, Schwab intends to add one or more affiliated banks to the Bank Sweep feature, which will provide the opportunity for additional FDIC coverage for your cash awaiting investment.
  10. Unlimited ATM fee rebates apply only to cash withdrawals using the Schwab Bank Visa Platinum Debit Card. ATM fee rebates do not apply to any fees other than fees assessed for using an ATM to withdraw cash from your Schwab Bank account. Schwab Bank makes its best effort to identify those ATM fees eligible for rebate, based on information it receives from Visa and ATM operators. In the event that you have not received a rebate for a fee that you believe is eligible, please call a Schwab Bank Client Service Specialist for assistance at 888-403-9000. Schwab Bank reserves the right to modify or discontinue the ATM fee rebate at any time.
  11. If you use your card to withdraw foreign currency from an ATM or to pay for a purchase with foreign currency, we charge your account for the U.S. dollar equivalent of the transaction. Depending on the specific arrangements that are in place, the exchange rate and calculation of the U.S. dollar equivalent will be done by the bank at which you conduct the transaction, the network to which the ATM belongs, or Visa®. The bank or network may also charge a fee.
  12. The Schwab Mobile Deposit™ service is subject to certain eligibility requirements, limitations, and other conditions. Enrollment is not guaranteed, and standard hold policies apply. Requires a wireless signal or mobile connection.
  13. Schwab Bank High Yield Investor Checking accounts are available only as linked accounts with Schwab One accounts. The Schwab One brokerage account has no minimum balance requirements, and there is no requirement to fund this account, when it is opened with a linked High Yield Investor Checking account.
  14. Use of your card through a digital wallet is also subject to the terms and conditions of your Schwab Bank Deposit Account Agreement (which contains information on any potential liability for unauthorized transactions), your Visa Debit Card Agreement, the terms and conditions of the digital wallet you use, the privacy policy set forth at www.schwab.com and the privacy policy of the digital wallet you use.

    Android, Android Pay, and the Android Logo are trademarks of Google Inc.

    Apple, the Apple logo, Apple Pay, iPhone, and iPad are trademarks of Apple Inc., registered in the U.S. and other countries.

    Samsung, Samsung Pay, Samsung Gear, Galaxy S and Gear S (and other device names) are trademarks or registered trademarks of Samsung Electronics Co., Ltd. Use only in accordance with law. Other company and product names mentioned may be trademarks of their respective owners. Samsung Pay is available on select Samsung devices.

    Microsoft and Microsoft Wallet are trademarks of Microsoft Corporation.

All Schwab Money Funds™ with the exception of Schwab Variable Share Price Money Fund™: You could lose money by investing in a money market fund. Money market funds seek to preserve the value of your investment at $1.00 per share but cannot guarantee they will do so. All Schwab Money Funds with the exception of Schwab Government Money Fund™, Schwab U.S. Treasury Money Fund™, Schwab Treasury Obligations Money Fund™, Schwab Government Money Market Portfolio™, and Schwab Retirement Government Money Fund™ may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The money market fund's sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Schwab Variable Share Price Money Fund: You could lose money by investing in a money market fund. Because the share price of the fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The fund may impose a fee upon the sale of your shares or may temporarily suspend your ability to sell shares if the fund’s liquidity falls below required minimums because of market conditions or other factors. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Charles Schwab & Co., Inc. (“Schwab”) and Charles Schwab Bank are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation (“Charles Schwab”). Brokerage products, including the Schwab One brokerage account, are offered by Schwab, Member SIPC. Deposit and lending products and services, including the High Yield Investor Checking account, are offered by Charles Schwab Bank, Member FDIC and an Equal Housing Lender.

Charles Schwab Investment Management, Inc. (CSIM), the investment advisor for Schwab Funds®, and Charles Schwab & Co., Inc. (“Schwab”), Member SIPC, the distributor for Schwab Funds, are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.

©2017 Charles Schwab & Co., Inc. All rights reserved. Member SIPC. (1017-72RB) (10/17)